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HYDE PARK, N.Y. -- Developers have proposed a $100 million plan to build up the vacant area across from the Culinary Institute of America on Route 9, according to the Poughkeepsie Journal.

The plan calls for the 339-acre parcel in the Bellefield district to have two hotels, retail space and additional amenities in the first phase. A second phase would introduce up to 500 units of housing and would bring the price tag on the project to approximately $500 million, the Poughkeepsie Journal reported.